4//SEC Filing
Loy James M 4
Accession 0001225208-10-003443
CIK 0000936468other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:11 PM ET
Size
6.3 KB
Accession
0001225208-10-003443
Insider Transaction Report
Form 4
Loy James M
Director
Transactions
- Award
Phantom Stock Units
2010-02-01+1,468.821→ 7,161.15 total(indirect: Lockheed Martin Directors Equity Plan)Exercise: $0.00→ Common Stock (1,468.821 underlying)
Footnotes (3)
- [F1]The phantom stock units convert on a 1-for-1 basis.
- [F2]Under the Lockheed Martin Corporation 2009 Directors Equity Plan, each non-employee director elects to receive an award of stock options or phantom stock units or a combination of stock options and phantom stock units in accordance with the plan, which awards are exempt transactions under Rule 16b-3. The phantom stock units were acquired at $74.89 per share and vest 50% on June 30 following the award date and 50% on December 31 following the award date or, if earlier, upon retirement, death, disability or change in control. Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service.
- [F3]End of period holdings include additonal phantom stock units acquired through dividend reinvestment under the Plan.
Documents
Issuer
LOCKHEED MARTIN CORP
CIK 0000936468
Entity typeother
Related Parties
1- filerCIK 0001335013
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:11 PM ET
- Size
- 6.3 KB